CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to deploy and issue ccBTC backed by 1:1 Bitcoin reserves on the CKB mainnet.
Among them, Cross-Chain Tokens (ccTokens) will issue ccBTC on the CKB mainchain to introduce Bitcoin liquidity to the CKB mainnet. ccBTC is a token backed by 1:1 Bitcoin reserves. Cactus Custody will serve as the official custodian of BTC assets to ensure the careful management of the Bitcoin reserves that support ccBTC. Cactus Custody is a subsidiary of Matrixport and a compliant and licensed trust company in Hong Kong. It complies with anti-money laundering and regulatory standards and provides safe and efficient digital custody solutions.
At the same time, Meson Finance will serve as the cross-chain bridge designated by CKB Eco Fund, officially launch the CKB mainnet and support ccBTC, helping users to realize the cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2. As a leading cross-chain service provider in the Bitcoin ecosystem, Meson Finance has covered all mainstream public chains and second-layer networks on the market, providing users with cross-chain services for mainstream assets including BTC, ETH and various stablecoins.
ccBTC will leverage the features of Nervos CKB and RGB++ protocols to ensure the safe flow of BTC in the Bitcoin ecosystem and help various DApps use Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins and derivatives markets, as well as large-scale adoption scenarios such as the Lightning Network and Nostr social protocol.
From a technical perspective, ccBTC is the first time in the industry to issue compliant custodial tokens on a UTXO platform other than the BTC mainnet. Reserve addresses, balances, and transaction records are publicly accessible and verifiable in real time on the ccTokens website. The project uses a multi-party confirmation mechanism in key processes such as mining, destruction, and on-chain verification to ensure that cross-chain asset services are transparent and reliable. The governance model of ccTokens emphasizes checks and balances through a multi-institutional framework, role and rights isolation, and decentralization to prevent potential misconduct. In addition, a blacklist mechanism supports ongoing governance and compliance efforts.
This strategic cooperation will not only serve the CKB and RGB++ protocols, but will also bring securely managed Wrapped BTC assets to the entire Bitcoin ecosystem, which will help activate dormant BTC assets.
About Nervos CKB
Nervos CKB is the leading BTC Layer 2 that adopts the Cell model and PoW consensus mechanism to solve the blockchain scalability problem through a modular architecture that separates transaction execution, consensus, and data availability.
About Cactus Custody
Cactus Custody is a subsidiary of Matrixport and a Hong Kong trust company that complies with anti-money laundering and regulatory standards and provides secure and efficient digital custody solutions. Cactus Custody is a leader in institutional-grade digital asset custody, supporting more than 300 well-known customers including miners, exchanges and funds.
About Cross-Chain Tokens (ccTokens)
Cross-Chain Tokens (ccTokens) are pegged tokens, each backed 1:1 by blockchain assets such as BTC. These tokens help seamlessly integrate various cryptocurrencies into the decentralized finance (DeFi) ecosystem. All ccTokens are fully backed and protected by qualified third-party custodians or validators.
About Meson Finance
Meson Finance is a decentralized cross-chain channel based on Atomic Swap technology. It supports the free circulation of BTC, ETH and stablecoins on more than 50 public chains and second-layer networks, aiming to provide users with safe, efficient and low-cost cross-chain services.
